The scheme to boost manufacturing in India has set ambitious targets that industry says are unachievable. A look at the programmes announced so far explains why
Here's a selection of Business Standard opinion pieces for the day
India dominates the world market in motorcycles. What will it take to replicate this success in other industries?
The Covid-19 pandemic restricted international demand for Indian goods. In response to another robust increase in total new orders, production was raised again in February
For sustained growth India needs to use foreign capital and foreign know-how to produce goods that it sells in foreign markets. What's self-reliant in that?
Hopeful signs in data, but medium-term outlook uncertain
The government wants Indian toys to achieve both quality and competitiveness and is exploring what kind of incentives are required by the toy industry, a top official said on Sunday.
Seeks to ramp up manufacturing to meet surging demand, avoid supply crunch as seen last year
With govt looking to impose quality control orders on imported can components, manufacturers may have to shut shop as costs will hit the roof amid supply shortage
Biden also signed an executive order on Wednesday aimed at addressing the global semiconductor chip shortage that has alarmed the White House and members of Congress, administration officials said
As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme.
Investment in line with Budget 2021's vision of accelerating growth in core sectors of manufacturing, infrastructure and healthcare
Under the PLI scheme, companies will enjoy a 4-6 per cent incentive annually across five years on their production value in India, provided they make incremental investments
The move is intended to position the nation as a global powerhouse for production of such equipment ahead of 5G roll-outs
Apart from offering inducement to any incremental production over the next five years, the scheme has the potential to transform the manufacturing landscape in the country
The government has constituted a committee comprising members from public and private sectors to look into issues like promoting localisation, said commerce minister Piyush Goyal
Budget assures double-digit growth in FY22, but does little for unemployment, inflation, foreign trade and medium-term growth
Here's a selection of Business Standard opinion pieces for the day
Pushing exports key to ensure scheme's viability, say experts
The growth impact of PLI schemes could start showing up in FY22